CAG of India and Auditor General of Nepal Sign MoU to Enhance Collaboration in Auditing

In a significant development, Girish Chandra Murmu, the Comptroller and Auditor General of India (CAG), has signed a Memorandum of Understanding (MoU) with Toyam Raya, Auditor General of Nepal. This agreement aims to strengthen collaboration and facilitate the exchange of expertise in auditing practices between the Supreme Audit Institutions (SAIs) of both countries.

Key Objectives of the MoU

The MoU establishes a platform for capacity development, knowledge exchange, and mutual assistance in conducting audits, fostering a closer partnership between the SAIs of India and Nepal.

Expressing Confidence and Shared Goals

During the signing ceremony, Murmu expressed confidence in the partnership, highlighting its significance in reinforcing shared values and objectives. He emphasized the role of the agreement in enhancing professional capacity and advancing collaborative engagement to improve auditing methodologies.

Engagement with Nepalese Officials

Murmu engaged with Nepalese officials, including Prime Minister C M Prachanda and Finance Minister Barsaman Pun, briefing them about the cooperation between the SAIs of both countries. He discussed the benefits of the MoU and highlighted SAI India’s initiatives in adopting new technologies and engaging with parliamentary committees.

Anticipated Outcomes

The partnership between the SAIs of India and Nepal is expected to facilitate enhanced collaboration in training programs, knowledge exchange, and assistance in audits, contributing to the development and strengthening of auditing practices in both nations.